Barclays Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price target dropped by investment analysts at Barclays from $211.00 to $188.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 16.41% from the company’s previous close.

Several other brokerages have also recently weighed in on BLDR. Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday. Finally, UBS Group initiated coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $207.31.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $0.04 during trading on Thursday, reaching $161.50. 469,332 shares of the stock traded hands, compared to its average volume of 1,599,197. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business has a fifty day simple moving average of $164.64 and a two-hundred day simple moving average of $169.15. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 0.75 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the company posted $4.24 earnings per share. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. Sell-side analysts expect that Builders FirstSource will post 11.55 EPS for the current year.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of Builders FirstSource

A number of large investors have recently modified their holdings of the company. Cyndeo Wealth Partners LLC raised its position in Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after purchasing an additional 56 shares in the last quarter. World Equity Group Inc. raised its holdings in shares of Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after acquiring an additional 64 shares in the last quarter. HighTower Advisors LLC lifted its stake in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after acquiring an additional 64 shares during the period. Integrated Investment Consultants LLC lifted its stake in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after acquiring an additional 65 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.